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Montgomery College    
  Nov 20, 2017
Montgomery College 2017-2018 Catalog
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ACCT 237 - Federal Income Taxation I

A critical examination, analysis, and application of the tax law for individuals. Interrelated subjects include income inclusions and exclusions, property transactions, nontaxable exchanges, capital asset transactions, general deductions and losses, business expenses, depreciation and amortization, and passive activities. Attention is given to tax procedures, accounting and inventory methods, retirement planning, exemptions, credits, filing status, and the alternative minimum tax. Students also engage in both electronic research and return preparation practica. PREREQUISITE(S): ACCT 222  or consent of department. Four hours each week. Formerly AC 213.

4 semester hours

Course Outcomes:
Upon course completion, a student will be able to:

  • Analyze, research, and apply basic federal tax law for individuals.
  • Analyze and make decisions with basic tax planning and research issues.
  • Prepare individual tax returns with the latest tax software.
  • Master the individual tax knowledge necessary to be successful on the CPA Examination

Click here for the Spring 2018 Class Schedule

Click here for the Winter 2018 Class Schedule

Click here for the Extended Winter 2018 Class Schedule

Click here for the Fall 2017 Class Schedule

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